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Fed Extends Main Street Program to Process Last Submitted Loans Bloomberg 12/29/2020 © Bloomberg The Federal Reserve building in Washington. (Bloomberg) The Federal Reserve has delayed the termination of the Main Street Lending Program to Jan. 8, from Dec. 31, in order to finish processing loans submitted by a Dec. 14 deadline to tap its funds. The extension was approved by the secretary of the Treasury, the Fed said in a statement Tuesday. The Treasury Department provoked controversy in November when it ordered the Fed to close Main Street and some other emergency pandemic lending programs by Dec. 31. Secretary Steven Mnuchin said the order was driven by lawmakers’ intent when they crafted the Cares Act in March, legislation that provided taxpayer money to support the programs. The Fed had asked that they all be extended into 2021.

United statesSteven mnuchinTreasury departmentLending program to janFederal reserveBloomberg the federal reserveMain street lending programMain streetCares actஒன்றுபட்டது மாநிலங்களில்கருவூலம் துறைகடன் ப்ரோக்ர்யாம் க்கு ஜான்கூட்டாட்சியின் இருப்புப்ளூம்பெர்க் தி கூட்டாட்சியின் இருப்புபிரதான தெரு கடன் ப்ரோக்ர்யாம்பிரதான தெரு